Akin Gump Advises Trident Exploration Noteholders in Recapitalization

Media Mentions & Press Releases, &nbspJuly 6, 2016

July 6, 2016

(Houston) – Akin Gump represented an ad-hoc committee of holders of senior unsecured notes in entering into a recapitalization and financing transaction with Trident Exploration Corp. and other creditors of Trident. The transaction is expected to be implemented via a Plan of Arrangement under the Canada Business Corporations Act. Upon completion, the noteholders will have the option to convert their unsecured notes for up to 71.2% of the new common shares of the reorganized company, along with other options. The transaction is expected to increase liquidity for the company’s operations and allow the company to make necessary capital investments and accelerate operational improvements.